Which is the correct procedure to adopt a budget?

The procedure to adopt a budget in New Jersey municipalities involves a specific sequence to ensure transparency and public engagement. The correct process includes three main steps: Introduction, Public Advertisement, and Adoption.

Initially, the budget is introduced to the governing body, which sets the stage for community engagement and feedback. Following this introduction, the budget must then be publicly advertised. This step is crucial because it allows the general public to be informed about the proposed budget, providing them the opportunity to review it before any formal discussions or hearings take place. Public advertisement typically includes details about the budget as well as information on how and when residents can engage with it.

Finally, after the public advertisement phase, the budget is formally adopted. This is the step where the governing body votes to finalize and approve the budget for the upcoming fiscal year, implementing the financial plans and allocations that have been put forth.

This process is designed to promote fiscal responsibility and ensure community involvement in governmental financial decisions, aligning with best practices for public administration and accountability. The emphasis on public participation underscores the importance of transparency in municipal finance.